LexCoop

The Gold Standard for Cooperative Digitisation

A Product of Parallex Bank Logo Bank
  • Automated Member Dues Collection
  • Secure Savings & Target Deposits
  • IFRS Standard Financial Reporting
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Dues Collection

95.0% Progress

LexCoop Hero

Member Growth

The All-in-One Cooperative Engine

Wallet & Disbursement

Instant fund disbursement and a comprehensive wallet system for every member.

Automated Loans

Manage applications, approvals, repayments, and default tracking automatically.

IFRS Reporting

Generate audit-ready, IFRS-compliant financial reports in seconds to ensure transparency.

Self-Service Portals

Empower admins and members with dedicated portals for real-time tracking.

Target Savings

Allow members to set goals for commodities, land, or festive seasons with ease.

Audit Trails

A transparent tracking system for every kobo moving through your society.

Cooperative Commerce

Discover products from trusted stores.

Shop verified products from cooperatives across Nigeria. Pay with your wallet, savings, or commodity loan — all in one secure platform.

Browse Marketplace

Premium Goods

₦12,500

Quality Products

₦8,200

Verified Vendor

Why Cooperatives Trust LexCoop

Scaling operations from 50 to 50,000 members while reducing manual overhead.

Zero Manual Errors

Eliminate ledger book mistakes and missing receipt disputes forever with automated reconciliation.

Total Scalability

Grow your cooperative without increasing administrative costs or hiring more staff.

Bank-Grade Security

Protected by the robust financial infrastructure and encryption of Parallex Bank.

IFRS Compliance

Generate audit-ready financial statements that meet international reporting standards instantly.

Automated Interest

Effortlessly calculate and distribute dividends or interest on member savings and loans.

Member Autonomy

Members can apply for loans and track their contributions 24/7 via their own self-service portal.

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